The Current Account Sustainability of European Transition Economies
Bibliographic Data
| ID | 7876823 |
|---|---|
| Authors | Juan Carlos Cuestas (0000-0002-7313-2157, University of Sheffield, corresponding author) |
| Year | 2013 |
| Volume | 51 |
| Issue | 2 |
| Pages | 232-245 |
| Publication date | 2013-03-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2012.02309.x |
| OpenAlex | W1519185897 |
| Language | EN |
| Citations received | 3 |
| References cited | 45 |
This article presents an analysis of the sustainability of the current accounts of a group of central and eastern European countries. Given the link between national savings (public and private) and investment, the current account may yield instabilities in fundamental macroeconomic variables. Hence, this analysis is of paramount importance given the 2008–11 debt crises faced by many E uropean economies, and the addition of new countries to the economic and monetary union. By means of unit root tests and fractional integration it is shown that, in general, the ratio of the current account to gross domestic product is a stationary and mean reverting process. However, in some cases, shocks tend to have long‐lasting effects, implying that there is no evidence of a potential debt default in this group of countries
Current account · Debt · Econometrics · Economics · Exchange rate · External debt · Financial economics · Gross domestic product · International economics · Investment (military · Macroeconomics · Mean reversion · Monetary economics · Sustainability · Unit root · Yield (engineering · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Testing for stationarity in heterogeneous panel data
A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
Long memory relationships and the aggregation of dynamic models
LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power
Unit root tests for panel data
An Introduction to Long‐memory Time Series Models and Fractional Differencing
The Estimation and Application of Long Memory Time Series Models
Some properties of time series data and their use in econometric model specification
Testing for a unit root in the nonlinear STAR framework
Time Series Regression with a Unit Root
Efficient Tests for an Autoregressive Unit Root
Unit root tests in panel data
Testing for unit roots in heterogeneous panels
Testing for a unit root in time series regression
Testing the null hypothesis of stationarity against the alternative of a unit root
A simple panel unit root test in the presence of cross‐section dependence
The Emerging U.S. Current Account Deficit in the 1980s
Perspectives on the U.S. Current Account Deficit and Sustainability
Current Account Solvency and the Feldstein--Horioka Puzzle
| Citations per year | 0.43 |
|---|---|
| Citation span | 2019 - 2025 (7) |
| Highly cited | No |